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<br /> � � 92— so�s
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<br /> - payments may no langer be required.at the option af L,ender, if mortgage insuraruc covcrage(in the emount and for the perfod
<br /> _ __-�-_,_�� dwt Lender rcquires)providod by an�riwrer approved by Lender ugain bceomesti available and ia obtalned. Borrower shall paY
<br /> � —"— the premiums requirod to maintain martgage insurance in effect,or to pravidc a IoFS reserve,unni the requircmienc for mcn�uYe �
<br /> insurence ends in acrnrdance wilh any wdtten agreement between eorrower and L.c�er or uppl icable luw.
<br /> 9.Iaspectbn.Lender or its agent may make�easonuble entr�es upon and i�upecliona uf Ihe Praperty. Lender shall give
<br /> Bortower notice at the time of or prior to un inspec0on specifying reasonable awse for Ihe inspe.ction.
<br /> 10. Condemnation. The pnx:ccds of any award or claim for damageg,dinrt or con4equential, in connection with eny �_
<br />- condemnatlon or other takjn�of any part of the Property.or for rnnveyance in lia of condemnation,are hereby assi�ned and
<br /> '� ch�ll be paid to L,cnder.
<br /> ln the event of e towl wking of Ihe Property,the proceeda shall be npplied to ihe sumx secured by this Security lnstrument.
<br /> - whether or rtot then due, with any excess paid to Borrower. In the event of a partial teking of the Property in which the fair
<br /> �"°"�''� market value of the Property irnmeciiately before �he taking is equal to or greater than Ihe nmount of the sums secured by this
<br /> - -�-°-- _ --�'� Security Instn►ment immediately before the taking,uidess Borrower and Lender etherwise agree in writing,the sums secured by _. _
<br /> �---= this Seeurity Instrumrnt shalf be reduced by tho arnaunt of the prcicceds rnultiplied by the foilowing fraction: (a) the total
<br /> `� «Yt�� amount of the sums cec:ured immediately before the taking, divided by (b) the fair merket value ot the Nroperty imn�eciiwcly
<br /> `—�i�.� � before the taking. Any bulance shall be paid to Hot�nwer. In the cvent of A psutful taking of the Property in which the fair
<br /> :-�=:�_irt!_ market vulue of Ihe Property immediately befare the taking is Icss than the amount of the sums secured immediutely 6efote the
<br /> — —. — taking, unless Horrower and Lender otFierwise agrce in writing or unless applicuble IAw utherwise provides, the proceEds shall
<br /> ���'`'� be applied to the sums secured by this Security Instrument whether or not the sums ere[hen due.
<br /> ��:r�.:.4_
<br /> � � ' --- If the Property is abAndoned by Borrower, or if,ufter notice by i.ender to Borrc�wrr tliat tlie condemnor offers to meke an --
<br /> �-�°'''""'"""''"'� award or settle a clnim for damages, Borrower fall s to respond to I.ender within 30 days aRer the date the naice ia given, —
<br /> __�?� • L.encier is authoriced to collect and apply the procexds,ut its option, either to restor�tion or repair of the Property or to the sums
<br /> �Y, - .. • .,.
<br /> —�" secured by this Security Instrument.whe�her or na then due.
<br /> - - -�••��:°°—�.,, v Unless L.ender w�J Boi�uwC� UI�ICIWI�C LLgItC iu w�itli�g, auy applicaiion of procccds ro principul shul! not extend or .-
<br /> ' � �=��•� postpone the due dAte of the monthly payments referred to in paragraphs I and 2 or changc the amount of such paymerns.
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<br /> , �, il.Horrower Not Released; Forbearance By I,ender Not A Wafver. Extension of the time for payment or moditication _
<br /> =�3'is�,+�:<;;xv: • ofumortization of the sums secured by this Securiry Instrument granted by L.ender�o any successor in interest of Borrawer shall -
<br /> . .,�;�k
<br /> __ ;.,c ''` '�;'�;;�:; not opernte to relea�e the liabiliry of the uriginal Borrower or Borr�wer's successars in Mterest.L.ender shall nat be required to —
<br />__ �=?�:;�? y��"� commence proceedings against uny successor in interest or refuse to extend time for payment or otherwise modify amortization
<br /> --�''t+ti+.����� of the sums secura! by this Security Inatrument by rwson of uny damund made by thc originul Borrower or Borrower's
<br /> _,�.�`=::s'��:���� successors in mterest. Any fori�rance by Lencier in exerciyi�ig a��y �i�i►t.;w•reji�d�shait nat bc a waivcr oY or preclude the -
<br /> -- "+'"`t�'�' exercise of any right or remedy.
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<br /> • 12. Successors and AssiRns Bound; Jolnt and Several LfabUity; Casigners. The ravenunts and ugreemen�s of this
<br /> �; ^ Security Instrument shall bind und b�:nefit the successors nnd assigns of L.ender and Borrower, subject to the provisians of
<br /> � ';;*;,;." . ', purngruph 17. Borrowcr's covenunts und agrecmcnts shull be joint and several. Any Borrower who co-signs this S^curity
<br />��� '� •:•„ Instrument but does not execute the Nwe: (a)is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> =� .:a,�:s,.�LL_:,.�,:,.s Burrower's interest in the Prapeny under thc terms of this 5ccurity Instrument: (b1 is not per5anally obligated to pay the sums _
<br />��" ° ` � ' - secured by this Security Instrunxnt;and(c)ugrees that L.ender und uny other Borrower may ugree to extend, modify, forbear or —
<br />`� ..:�... �' .�o � make ony accommodutiuns with regard to the tern���f ihi�Securiry Instrument ur the Note without that Burrower's consent.
<br /> �� �+'•::��� .• ;!�,,�;; 13. i,oun Chat��. 11'thc loun sccured by this Securiry Inxtrument ix subject to u law wBich �ets muximum loun charges, _
<br /> _S
<br /> �"�'�"" and that luw is finully interpreted .o tbat th� interest or othcr loan charges colleqed or ta be collecte.�i in connectinn with the
<br /> =� �,M+!•�,�„�..,,, ,x � � loan exceed the permitted limitx, then: lu)uny such laan churge shall he rc�iuced by the umount necessary to reciuce the charge
<br /> �,a:s,,.,,:. to the permitted limit: unJ Ib)uny Yurns ulreaJy cnllected frum Borrowcr which excceded permitted limits will be refunded w
<br />= � •+�.,... o � - Borrowcr. Ixrxler may ch�x�sc t�► muke this rcfund by rcduring die principal owa,�J wiJcr thc Nute u� by making u direct _.
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<br /> � :r;�pn. :,, ,,,,;„� puymem ta Borrower. If u refunJ r�luce� principal, the reduction will be tm.:ated cu u purtial prepuyment without siny
<br /> :'� ��;,w...' .,g;.: , prepayment chargc under the N��tc.
<br /> _� ' '3° �. 14.Notices. Any notice�o Borrower provicled fnr in thi,Scrurity Instrument.hall he given by Jclivering it or by nwiling _
<br /> �,� ,�a„4 ��-' it by first closs mail unless applicublc luw reyuirc+use ut'anuthcr nxthod.Thc n�ticc shall bc directcd to the Pruperty Address _
<br /> "-�^. ��_._ �� . . or any other uJJress Borrower designute+ by ndice N� Lcnder. Any noticc ai L�:nJcr +hull be givcn by first class mail to
<br />��'��' '�' ';,•,�.�_�,,,�,:u� l.ender's address stated hercin�►r any aher addnwti l.cnder Jcsignntes by notice to Barcower. Any nutice proviJed for in this
<br /> � ``�'.. , � Security Instrumenl shall hc deemed lu Iwve b��cn givcn tu&�rruwcr��r L�nJcr when givcn a� provided in this puragraph.
<br /> �;. �.. .. �• 13.Governing Law; SevcrAbflity. This Sc�urity Imtrument tihull l� govcrned by I'cdcrul luw and thc luw uf the
<br /> T-��h:, jurisdiction in which the Property is lix•rteci. In�he event that um provisiun or dau,c ul'�his Security InstrumeM or the Note -
<br />_ cnntlict�with upplicuble luw. �unc�onflict�hull nut utfect other pravi.riim.r uf thi�S�curity Inti�rument or the Note whirh ran be F
<br /> given effcct withcw�the umllicting pruvision.To�hiti enJ�hr pruvisi��m at'thi�Sevurity Instrument und thc Notc are declAred E
<br /> ' to be�evcrablc. �
<br /> . � ° •�. .�� ., 16. Borrower's Copy.Bormwcr�hull be givrn�mc c�mti�rmcd rupy ot'tl►r Nut�anJ uf thi.Sccuriry Instrurnent. -
<br /> Fam 3028 9/80 �
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